Mobile Payments 2.0. What Are They?

As mobile payments continue to evolve to meet consumer demand, we looked at the main trends that will shape the future of the industry.
The mobile payments industry has seen a huge growth over the last years.
The added convenience of paying with your mobile device is no longer the main driver of adoption.”
China is now the globe’s largest mobile payments market, accounting for more than $235 billion in 2015.
While mobile payments become more widespread, people expect to be able to conduct contactless payments.
“In addition, initiatives such as QR code mobile payments are enabling retailers to keep the payment process ‘in-house’ and reduce network fees.